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of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent two years telling us that tax cuts are all you need to stimulate the economy. is that wrong? >> absolutely wrong. supply side economics is bunk. we have seen historically not only when bill clinton raised taxes the economy did very well. george w. bush in 2001, 2003, cut taxes and the economy did very badly and then ultimately went really over a cliff in 2008. or more evidence for the first three decades after the second world war in the united states, the top tax rate never fell below 70% under dwight d. eisenhower, president eisenhower -- >> and yet professor, we have heard paul ryan, the so-called budget policy wonk of the house, repeatedly tell us that what we need to do is cut taxes and the economy does great. >> well, that's just simply not true. we had an election. most of the americans obviously did not believe that nonsense, and it is absolutely nonsense. there's no correlation at all between tax rates on the very top and the economy doing worse or for that matter doing much better. but here we have a hug
bill clinton came in and said we are way too left and have to moderate our positions and that is where the democratic leadership council came in. there are a lot of democrats that were very upset with bill clinton during the late '80s and early '90s. they obviously won the white house back in 1992 because they nominated a moderate to center democrat that could win independents and women and people of color and so forth? >> there is an article that the tea party is over. that obviously is the right of the right fringe element of the republican party. very hard line. they certainly had a bigger voice when more of those supported members were elected to congress in 2010, but is that accurate? do you think the tea party is over for extreme conservea tichl? >> time will tell. clearly last tuesday voters didn't express happiness or support for the tea party very clearly. the question will be whether the republican party tries to move as jonathan just described, kind of moderates their message or still beholden to that kind of extreme part of the party? we're starting to see a few dfrs say we
but achieves our common goal of balancing a budget. something bill clinton and newt gingrich did in the mid-90s. shannon: are you against closing loop holes? >> i'm in favor of new revenues through economic growth. if you grow the economy at 4% a year, that 4% a year over 2% a year over a decade raises $5 trillion in more revenue. not a tax increase. but revenue through growth. why would you raise taxes when you could debt $5 trillion by cutting marginal tax rates and getting rid of some of the overregulation that obama is threatening the economy with and having more economic growth and more people pat work? that's the better way to raise revenue. it's disingenuous to say both parties have failed. the republicans in the house passed the ryan plan which fundamentally reformed entitlements. it needs the senate and the president to go along with it. but the republicans passed a real budget in writing in legislative form not some essay about what they think might be done which is all the president has done. shannon: paul ryan did win his house seat so he will be back there with the budget committee
'm going to finish. the i'm going to finish. under bill clinton we raised taxes on rich people. saw the biggest economic boom in american history. under george bush we lowered taxes on rich people go into economic ruin. >> this is problem with people with no connection. >> i'm going to i'm going to finish i'm going to finish. so there is not, based on our own experience a direct connection between raising rates and on wealthy people and economy going, going down. in fact the opposite happened. and so you can keep saying it doesn't make it true. rick: go ahead, pete. >> simon you have no experience in the private sector. never run a is business. that is problem when you have policy wonks. >> i run a business, 16 years. nice try, pete. >> solution for america. small businesses are answer here. president has a great opportunity to lead. >> i've been running a small business for 16 years. pete. rick: not everything was decided last tuesday. not everything was settled. we'll continue the conversation. simon and pete, we'll have you back again soon. >> thank you. >> sure. jenna: put your
% to 39.6%, which it was during the bill clinton administration. will the democrats -- and you know the democrats in the house and the senate and the president go along with these serious cuts in spending in entitlements, for example, medicare, social security, medicaid, all those spending cuts that the democrats usually hate. >> first of all, i want to tell my friend, dana, i believe the democrats have a mandate. we don't have to sit around for the next two years and listen to the republicans whine and complain about tax cuts going up. president obama extended the bush tax cuts for two years. he's put forward a grand bargain. republicans reject that had. the democrats defeated 16 republican incumbents last week. i think the house democrats will be in a position to work with mr. boehner to try to get the votes. mr. boehner has never been able to deliver the votes without ms. pelosi and the democrats delivering those votes. i think the democratic position is to come up with a fair and balanced proposal to not raise taxes on the middle class and to not sit back and listen to the repub
. that is pretty evil. >> i don't think that happened under reagan or under bill clinton. marginal tax rate increase that democrats are looking for will do nothing more than help support the majority of middle class americans that not only support increases on, increase in tax rates on people who are earning over $250,000 but also support not cutting things like social security and medicare and medicaid. and so i think the democrats come in not feeling very, very, rather feeling very strong around this idea that they can create the right compromise and right balance to move this country forward. rick: terry, bill kristol, the prominent conservative, spent last couple days on this network talking about how republicans may want to go along with the president's plan to raise tax rates on those earners above 250,000. take a listen. i'll get your response. this is last night an "special report". >> the first takes rates expire on december 31st. rates are going up for everyone if nothing happens. if you think republicans can win a showdown preserving all the current tax rates against a president
cliff. martha: doug schoen, former pollster to president bill clinton. monica crowley, radio talk show host. both are fox news contributors and what i'm hearing through both of those quotes we're pretty much where we were the last time that the president and john boehner got together. that republicans are going to refuse to go along with any tax increases until, really because they want to see it done slightly different way which we can get into. the president says, that he won't budge either, monica. >> yes. what goes around and comes around and here we are exactly the same spot, martha, as you just said. there are two sacred principle at play for the republicans not raising taxes and cutting spending. focus seems to be because president and democrats do have control over this narrative only thing that seems to be at the conversation here, what we're talking about is, the tax issue, revenue versus rates. but i also think that the republicans really need to focus on cutting spending. that is the other part of this equation that is, just as important if not more important, martha becaus
Search Results 0 to 13 of about 14 (some duplicates have been removed)

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